ThredUp Inc. (NASDAQ:TDUP) Director Patricia Nakache Sells 107,911 Shares

ThredUp Inc. (NASDAQ:TDUP) Director Patricia Nakache sold 107,911 shares of ThredUp stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $2.10, for a total value of $226,613.10. Following the completion of the sale, the director now directly owns 250,956 shares in the company, valued at $527,007.60. This represents a 30.07 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Patricia Nakache also recently made the following trade(s):

• On Tuesday, January 21st, Patricia Nakache sold 167,031 shares of ThredUp stock. The stock was sold at an average price of $2.26, for a total value of $377,490.06.
• On Thursday, January 16th, Patricia Nakache sold 195,337 shares of ThredUp stock. The shares were sold at an average price of $2.26, for a total value of $441,461.62.
• On Tuesday, January 14th, Patricia Nakache sold 625,498 shares of ThredUp stock. The stock was sold at an average price of $1.95, for a total value of $1,219,721.10.
• On Monday, December 9th, Patricia Nakache sold 41,676 shares of ThredUp stock. The shares were sold at an average price of $1.77, for a total transaction of $73,766.52.
• On Wednesday, December 4th, Patricia Nakache sold 4,600 shares of ThredUp stock. The stock was sold at an average price of $1.77, for a total transaction of $8,142.00.
• On Monday, December 2nd, Patricia Nakache sold 54,801 shares of ThredUp stock. The shares were sold at an average price of $1.78, for a total transaction of $97,545.78.
• On Friday, November 29th, Patricia Nakache sold 200 shares of ThredUp stock. The stock was sold at an average price of $1.77, for a total transaction of $354.00.

ThredUp Stock Performance

TDUP stock traded down $0.07 during trading hours on Monday, reaching $2.10. The stock had a trading volume of 612,882 shares, compared to its average volume of 1,694,949. The stock has a market capitalization of $238.89 million, a PE ratio of -3.28 and a beta of 1.66. The stock has a 50-day simple moving average of $1.63 and a 200 day simple moving average of $1.23. ThredUp Inc. has a fifty-two week low of $0.50 and a fifty-two week high of $2.45. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.96 and a quick ratio of 0.86.

Hedge Funds Weigh In On ThredUp

Hedge funds and other institutional investors have recently bought and sold shares of the business. SG Americas Securities LLC raised its stake in ThredUp by 84.8% in the third quarter. SG Americas Securities LLC now owns 34,543 shares of the company’s stock valued at $29,000 after buying an additional 15,850 shares during the period. Sei Investments Co. bought a new position in shares of ThredUp during the 2nd quarter worth approximately $37,000. Cubist Systematic Strategies LLC acquired a new position in shares of ThredUp during the 2nd quarter worth approximately $43,000. Creekside Partners bought a new stake in ThredUp in the 2nd quarter valued at $51,000. Finally, Barclays PLC lifted its holdings in ThredUp by 278.7% during the 3rd quarter. Barclays PLC now owns 104,018 shares of the company’s stock valued at $87,000 after purchasing an additional 76,553 shares during the last quarter. Institutional investors own 89.08% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on TDUP shares. Needham & Company LLC restated a “hold” rating on shares of ThredUp in a report on Tuesday, January 14th. Telsey Advisory Group raised their price target on ThredUp from $2.00 to $3.00 and gave the company an “outperform” rating in a research note on Wednesday, January 15th.

About ThredUp

ThredUp Inc, together with its subsidiaries, operates an online resale platform in the United States and internationally. Its platform enables consumers to buy and sell primarily secondhand apparel, shoes, and accessories. ThredUp Inc was incorporated in 2009 and is headquartered in Oakland, California.